Seneca Foods (NASDAQ:SENEA) Trading Up 4.5% - Still a Buy?

Seneca Foods Co. (NASDAQ:SENEA - Get Free Report) was up 4.5% on Friday . The company traded as high as $78.06 and last traded at $77.90. Approximately 12,220 shares changed hands during mid-day trading, a decline of 57% from the average daily volume of 28,644 shares. The stock had previously closed at $74.56.

Seneca Foods Price Performance

The company has a current ratio of 2.64, a quick ratio of 0.33 and a debt-to-equity ratio of 0.73. The company has a 50 day simple moving average of $67.30 and a 200 day simple moving average of $62.62. The stock has a market cap of $555.13 million, a P/E ratio of 13.82 and a beta of 0.29.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. SG Americas Securities LLC bought a new stake in shares of Seneca Foods in the 3rd quarter valued at about $118,000. Wilmington Savings Fund Society FSB bought a new stake in Seneca Foods in the third quarter valued at approximately $156,000. Rockbridge Investment Management LCC acquired a new stake in shares of Seneca Foods in the third quarter valued at approximately $220,000. Bleakley Financial Group LLC acquired a new stake in shares of Seneca Foods in the third quarter valued at approximately $226,000. Finally, Clifford Capital Partners LLC bought a new position in shares of Seneca Foods during the 2nd quarter worth approximately $243,000. Institutional investors and hedge funds own 42.51% of the company's stock.

Seneca Foods Company Profile

Seneca Foods Corporation provides packaged fruits and vegetables in the United States and internationally. The company offers canned, frozen, and jarred produce; jarred fruit; and snack chips and other food products under the private label, as well as under various national and regional brands that the company owns or licenses, including Seneca, Libby's, Aunt Nellie's, Cherryman, Green Valley, and READ.